NI energy supplier Open Electric has ceased trading and had its licence revoked by the NI Utility Regulator. The company’s customers will now transfer under supplier of last resort arrangements to Power NI, which is the price-regulated supplier in Northern Ireland.…

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The European Commission has concluded that UK support for the conversion of a unit at the Drax power station, so it uses wood fuel instead of coal, complies with EU State Aid rules. The  645MW capacity unit will be the…

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BayWa r.e. has sold three of its UK solar farms with a total capacity of 30 MW to Greencoat Solar I LP, a newly-established vehicle managed by Greencoat Capital. The projects are located in south Wales, Cornwall and Kent. BayWa r.e.…

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According to a new league table published by Ofgem, Utility Warehouse and Scottish and Southern Electricity (SSE) have the highest proportion of customers stuck on a standard variable tariff, with 94% of Utility Warehouse customers and 91% of SSE customers…

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Economy Energy has contracted National Grid Smart to install smart meters in 50,000 homes in 2017. Economy Energy has around 180,000 customers with gas, electricity and dual-fuel deals and the company said its aim is “to have its entire customer…

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SSE and retailer Dixons Carphone have joined forces to develop ‘connected home’ solutions. They will use Dixons Carphone’s  after-care service Knowhow, and digital platform honeyBee. The partners say the combination aims to bring connected home benefits to everyone, “not just…

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E.On, Shell and and Schlumberger have invested £5m in British start up Kite Power Systems (KPS), which makes high-altitude wind power generation technology. This latest investment will support the company’s plans to deploy a 500 kilowatt power system at West Freugh in…

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Lightsource Renewable Energy wants to invest up to £600 million over the next five years in buying solar assets from households and businesses, to diversify its revenue streams. The company said it would offer owners of residential and commercial rooftop…

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Britain’s manufacturers have called on the government to make a series of reforms, including re-instating the annual energy statement, as part of its commitment to an industrial strategy, amidst new survey evidence showing a lack of confidence in the future security…

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Ofgem has agreed a redress package with Ovo Energy rather than take enforcement action over poor service. The supplier’s agents missed appointments with customers, or turned up late, and then failed to compensate them as required by Ofgem. The failings…

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